<SEC-DOCUMENT>0000903423-15-000326.txt : 20150512
<SEC-HEADER>0000903423-15-000326.hdr.sgml : 20150512
<ACCEPTANCE-DATETIME>20150512170039
ACCESSION NUMBER:		0000903423-15-000326
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20150512
FILED AS OF DATE:		20150512
DATE AS OF CHANGE:		20150512

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LUXFER HOLDINGS PLC
		CENTRAL INDEX KEY:			0001096056
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL INORGANIC CHEMICALS [2810]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35370
		FILM NUMBER:		15855229

	BUSINESS ADDRESS:	
		STREET 1:		ANCHORAGE GATEWAY
		STREET 2:		5 ANCHORAGE QUAY
		CITY:			SALFORD
		STATE:			X0
		ZIP:			M50 3XE
		BUSINESS PHONE:		44161300-0600

	MAIL ADDRESS:	
		STREET 1:		ANCHORAGE GATEWAY
		STREET 2:		5 ANCHORAGE QUAY
		CITY:			SALFORD
		STATE:			X0
		ZIP:			M50 3XE
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>luxfer-6k_0512.htm
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<P STYLE="font: 9.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 12pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT><B><FONT STYLE="font-family: MS Mincho">&#8232;</FONT></B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington D.C. 20549</B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Report of Foreign Private Issuer</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Pursuant to Rule 13a-16 or 15d-16
of </B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>the Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">For the month of May 2015</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Commission File Number: 001-35370</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Luxfer Holdings PLC</B></P>
        <P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">(Name of registrant)</P>
        <P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Anchorage Gateway</P>
        <P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Anchorage Quay</P>
        <P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Salford M50 3XE England</P>
        <P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of principal executive offices)</P></TD></TR>
</TABLE>
<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Indicate by check mark whether the registrant
files or</P>

<P STYLE="font: 12pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">will
file annual reports under cover Form 20-F or Form 40-F.</FONT><FONT STYLE="font-family: MS Mincho">&#8232;</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Form
20-F </FONT><FONT STYLE="font: 10pt Wingdings">&#254; </FONT><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Form 40-F</FONT><FONT STYLE="font: 12pt MS Mincho">&#8232;</FONT><FONT STYLE="font: 10pt Wingdings">o</FONT></P>

<P STYLE="font: 12pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">--</FONT><FONT STYLE="font-family: MS Mincho">&#8232;</FONT></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Regulation S-T Rule 101(b)(1): ____</P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Regulation S-T Rule 101(b)(7): ____</P>

<P STYLE="font: 12pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">--</FONT><FONT STYLE="font-family: MS Mincho">&#8232;</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Indicate by check mark whether the registrant
by furnishing the</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">information contained in this Form is
also thereby furnishing the</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">information to the Commission pursuant
to Rule 12g3-2(b) under the</P>

<P STYLE="font: 12pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">Securities
Exchange Act of 1934.</FONT><FONT STYLE="font-family: MS Mincho">&#8232;</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Yes&nbsp;</FONT><FONT STYLE="font: 10pt Wingdings">o</FONT><FONT STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;
No </FONT><FONT STYLE="font: 10pt Wingdings">&#254; </FONT></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">--</P>


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<P STYLE="font: 9.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 9.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 9.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0">SALFORD, England&mdash;(BUSINESS WIRE)&mdash;<B>Luxfer Group
(NYSE:LXFR)</B>, a global materials technology company, today issued its financial results for the three-month period ended March
31, 2015.</P>

<P STYLE="font: bold 10pt/93% Arial, Helvetica, Sans-Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: bold 10pt/93% Arial, Helvetica, Sans-Serif; margin: 0; text-align: left; color: #0070C0">UNAUDITED FINANCIAL RESULTS
FOR THE FIRST QUARTER OF 2015</P>

<P STYLE="font: bold 9pt/93% Arial, Helvetica, Sans-Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: bold 9pt/93% Arial, Helvetica, Sans-Serif; margin: 0; text-align: left">Results are summarized as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 8pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P></TD></TR>
<TR>
    <TD STYLE="font: 8pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom-style: none; font: 8pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 8pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Three-month
    periods<BR>
&nbsp;ended March 31</B></FONT>,</TD></TR>
<TR>
    <TD STYLE="width: 64%; padding-right: 5.4pt; padding-left: 5.4pt; font: 8pt/115% Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 19%; border-bottom: Black 1pt solid; font: 8pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif"><B>2015</B></FONT></TD>
    <TD STYLE="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; font: 8pt/115% Calibri, Helvetica, Sans-Serif; text-align: right"><FONT STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif"><B>2014</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 5.5pt"><I>Net revenue (excluding surcharge below)</I></P>
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 8.5pt"><I>Rare earth chemical surcharge</I></P>
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0"><B>Revenue</B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: #C6D9F1; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B><I>$116.9m</I></B></P>
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; text-indent: 67.5pt"><B><I>$0.0m</I></B></P>
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>$116.9m</B></P></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><I>$122.4m</I></P>
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><I>$0.9m</I></P>
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>$123.3m</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0"><B>Trading profit</B></P>
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 5.5pt"><I>Trading margin</I></P>
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0"><B>Operating profit</B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: #C6D9F1; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>$10.5m</B></P>
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B><I>9.0%</I></B></P>
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>$2.5m</B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>$12.3m</B></P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><I>10.0%</I></P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>$12.3m</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0"><B>Net (loss)/income</B></P>
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 5.5pt"><I>Earnings per share &ndash; basic</I><B>
        </B><SUP>(1) (2)<B> </B></SUP></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: #C6D9F1; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>$(0.5)m</B></P>
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B><I>$(0.02)</I></B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>$7.2m</B></P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><I>$0.27</I></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Adjusted net income <SUP>(3)</SUP></B></P>
        <P STYLE="font: 8pt  Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 5.5pt"><I>Adjusted earnings per share &ndash; basic
        </I><SUP>(2)</SUP></P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 5.5pt"><I>Adjusted earnings per share &ndash; fully
        diluted </I><SUP>(2)</SUP></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: #C6D9F1; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>$6.9m</B></P>
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B><I>$0.26</I></B></P>
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B><I>$0.25</I></B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: right">$8.0m</P>
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; text-indent: 67.5pt"><I>$0.30</I></P>
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><I>$0.28</I></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Adjusted EBITDA <SUP>(4)</SUP></B></P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 5.5pt"><I>Adjusted EBITDA margin</I></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: #C6D9F1; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>$15.4m</B></P>
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B><I>13.2%</I></B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: right">$16.9m</P>
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><I>13.7%</I></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font: 8pt/115% Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif"><B>Net cash inflow from operating activities</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 8pt/115% Calibri, Helvetica, Sans-Serif; background-color: #C6D9F1; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif"><B>$7.9m</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 8pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif">$1.3m</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font: 8pt/115% Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif"><B>Net debt (total debt less cash)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 8pt/115% Calibri, Helvetica, Sans-Serif; background-color: #C6D9F1; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif"><B>$105.8m</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 8pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif">$45.6m</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0"><B>Total equity &ndash; book value (net assets)</B></P>
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 5.5pt"><I>&pound;0.50 ordinary shares outstanding
        &ndash; weighted average </I></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: #C6D9F1; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>$159.4m</B></P>
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B><I>27.0m</I></B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: right">$190.2m</P>
        <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><I>26.8m</I></P></TD></TR>
</TABLE>
<P STYLE="font: 6pt/115% Arial, Helvetica, Sans-Serif; margin: 0 30.8pt 0 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 6pt/115% Arial, Helvetica, Sans-Serif; margin: 0 30.8pt 0 25.1pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B><SUP>(1)</SUP></B></FONT></TD><TD STYLE="text-align: justify; padding-right: 30.8pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Basic earnings per
share is calculated by dividing the profit attributable to ordinary shareholders by the weighted average number of ordinary shares
outstanding in the period. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B><SUP>(2)</SUP></B></FONT></TD><TD STYLE="text-align: justify; padding-right: 30.8pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Following the approval
of a two-for-one share split at the Annual General Meeting on May 29, 2014 and change in ADR ratio on June 9, 2014, the nominal
value of each ordinary share is &pound;0.50 and now represents 1 American Depositary Share (ADS), resulting in the earnings per
ordinary share being equivalent to the earnings per ADS. The ADS are listed on the NYSE under the ticker LXFR. Under IAS 33, the
number of shares used in the earnings per share calculations for the prior periods shown has been adjusted to achieve comparability.
</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B><SUP>(3)</SUP></B></FONT></TD><TD STYLE="text-align: justify; padding-right: 30.8pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Adjusted net income
consists of net income adjusted for the post tax impact of non-trading items, including IAS&nbsp;19 retirement benefits finance
charge, certain accounting charges relating to acquisitions and disposals of businesses (comprising other income / (expense) from
acquisitions and disposals of businesses, the unwind of the discount on deferred consideration from acquisitions and the amortization
on acquired intangibles), restructuring and other income / (expense), gain on purchase of own debt and other share-based compensation
charges. A reconciliation to net income is disclosed in Note 4 to the financial results &ldquo;Reconciliation of non-GAAP measures&rdquo;.
</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B><SUP>(4)</SUP></B></FONT></TD><TD STYLE="text-align: justify; padding-right: 30.8pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Adjusted EBITDA is
defined as profit for the period before tax expense, finance income (which comprises interest received and gain on purchase of
own debt) and costs (which comprises interest costs, IAS 19 retirement benefits finance charges and the unwind of the discount
on deferred consideration from acquisitions), other income (expense) from acquisitions and disposals of businesses, restructuring
and other income / (expense), gain on purchase of own debt, other share-based compensation charges, depreciation and amortization
and loss on disposal of property, plant and equipment. A reconciliation to net income is disclosed in Note 4 to the financial results
&ldquo;Reconciliation of non-GAAP measures&rdquo;.</FONT></TD></TR></TABLE>

<P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; color: #17365D"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; color: #365F91">ABOUT LUXFER GROUP</P>

<P STYLE="font: 11pt/8pt Arial, Helvetica, Sans-Serif; margin: 0; color: #365F91">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Luxfer is a global materials technology
company specializing in the design and manufacture of high-performance materials, components and gas-containment devices for environmental,
healthcare, protection and specialty end-markets. Luxfer customers include both end-users of its products and manufacturers that
incorporate Luxfer products into finished goods. For more information, visit <FONT STYLE="color: Blue"><U>www.luxfer.com</U></FONT>.</P>

<P STYLE="font: 10pt/8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Luxfer Group is listed on the New York
Stock Exchange, and its American Depositary Shares (ADSs) trade under the symbol &ldquo;LXFR&rdquo;.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; color: #365F91">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; color: #365F91">CONTACTS</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0">Investor and news agency communications should initially be
directed to <B>Dan Stracner, Director of Investor Relations, </B>U.S. telephone number: +1 951 341 2375; email: dan.stracner@luxfer.net.</P>


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<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #17365D"><B>FORWARD-LOOKING STATEMENTS</B></P>

<P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #1F497D"><U>This report contains
forward-looking statements.</U></P>

<P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #3A669C"><I>Examples of such forward-looking
statements include, but are not limited to:</I></P>

<P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #3A669C"><I>&nbsp;</I></P>

<P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #3A669C"><I>(i) statements regarding
the Group&rsquo;s results of operations and financial condition,</I></P>

<P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #3A669C"><I>(ii) statements of plans,
objectives or goals of the Group or its management, including those related to financing, products or services,</I></P>

<P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #3A669C"><I>(iii) statements of future
economic performance and</I></P>

<P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #3A669C"><I>(iv) statements of assumptions
underlying such statements. Words such as &ldquo;believes&rdquo;, &ldquo;anticipates&rdquo;, &ldquo;expects&rdquo;, &ldquo;intends&rdquo;,
&ldquo;forecasts&rdquo; and &ldquo;plans&rdquo; and similar expressions are intended to identify forward-looking statements but
are not the exclusive means of identifying such statements.</I></P>

<P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #3A669C"><I>&nbsp;</I></P>

<P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #3A669C"><I>By their very nature,
forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions,
forecasts, projections and other forward-looking statements will not be achieved. The Group cautions that a number of important
factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed
in such forward-looking statements. These factors include, but are not limited to:(i) future revenues being lower than expected;
(ii) increasing competitive pressures in the industry; (iii) general economic conditions or conditions affecting demand for the
services offered by us in the markets in which we operate, both domestically and internationally, being less favorable than expected;
(iv) the amount of indebtedness we have incurred and may incur and the obligations to service such indebtedness and to comply with
the covenants contained therein; (v) fluctuations in the price of raw materials and utilities; (vi) currency fluctuations and hedging
risks; and (vii) worldwide economic and business conditions and conditions in the industries in which we operate.</I></P>

<P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #3A669C"><I>&nbsp;</I></P>

<P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #3A669C"><I>The Group cautions that
the foregoing list of important factors is not exhaustive. These factors are more fully discussed in the sections &ldquo;Forward-Looking
Statements&rdquo; and &ldquo;Risk Factors&rdquo; in our annual report on Form 20-F for the year ended December 31, 2014, filed
with the U.S. Securities and Exchange Commission on March 19, 2015. When relying on forward-looking statements to make decisions
with respect to the Group, investors and others should carefully consider the foregoing factors and other uncertainties and events.
Such forward-looking statements speak only as of the date on which they are made, and the Group does not undertake any obligation
to update or revise any of them, whether as a result of new information, future events or otherwise.</I></P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0; color: #365F91"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0; color: #365F91"><FONT STYLE="font-weight: normal">BUSINESS REVIEW</FONT></P>

<P STYLE="font: 11pt/8pt Calibri, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Arial, Helvetica, Sans-Serif; margin: 0; color: #365F91">First-quarter Results</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 7.5pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 7pt; text-align: justify"><FONT STYLE="font: 7pt Arial, Helvetica, Sans-Serif; color: red"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 7pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 7pt; text-align: center"><FONT STYLE="font: 7pt Arial, Helvetica, Sans-Serif"><B>FIRST QUARTER 2015</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 7pt; text-align: right"><FONT STYLE="font: 7pt Arial, Helvetica, Sans-Serif"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 7pt; text-align: center"><FONT STYLE="font: 7pt Arial, Helvetica, Sans-Serif"><B>FIRST QUARTER 2014</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 37%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Gas</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Gas</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 9%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Cylinders</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Elektron</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Group</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Cylinders</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Elektron</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Group</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Revenue</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>58.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>58.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>116.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">66.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">57.2</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">123.3</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Net revenue (excluding RE surcharge)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>58.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>58.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>116.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">66.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">56.3</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">122.4</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Trading profit</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>1.3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>9.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>10.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">1.6</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">10.7</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">12.3</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Return on Sales % (Trading profit/Revenue)</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2.2%</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>15.7%</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>9.0%</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.4%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">18.7%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">10.0%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Adjusted EBITDA<SUP>(1)</SUP></B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>3.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>12.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>15.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">3.6</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">13.3</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">16.9</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 7.5pt/10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>Adjusted EBITDA margin % </B></P>
        <P STYLE="font: 7.5pt/10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>(Adjusted EBITDA/Revenue)</B></P></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>5.5%</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>20.9%</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>13.2%</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">5.4%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">23.3%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">13.7%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt/9pt Calibri, Helvetica, Sans-Serif; margin: 0 30.9pt 0 24.95pt; text-align: justify; text-indent: -17.85pt"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B><SUP>(1)</SUP></B></FONT><B><SUP><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></SUP></B><FONT STYLE="font: 7pt Arial, Helvetica, Sans-Serif">With respect to adjusted EBITDA for the Group, a reconciliation
to net income is disclosed in Note 4 to the financial results &ldquo;Reconciliation of non-GAAP measures&rdquo;, and with respect
to adjusted EBITDA for the Gas Cylinders Division and Elektron Division, a reconciliation to trading profit is disclosed in Note
1 to the financial results &ldquo;Revenue and segmental analysis&rdquo;. </FONT></P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE=""><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><I>Revenue:</I></P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE=""><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">On an IFRS-reported basis, revenue
for Q1 2015 was $116.9m compared to $123.3m for the same period of 2014. FX translation differences for the quarter were an adverse
$8.6m, and the rare earth surcharge decreased by $0.9m to nil following a fall in rare earth prices. Luxfer Magtech, purchased
at the end of July 2014, added $7.1m. Excluding the impact of FX translation differences, rare earth surcharges and Luxfer Magtech,
revenues reduced by $4.0m compared to Q1 2014. The Gas Cylinders Division has been impacted by continuing weakness in the alternative
fuel (AF) sector, and the timing of certain intermittent revenues in the Elektron Division is different in 2015, as described further
below.</P>


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<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Gas Cylinders Division revenue was
$58.4m for Q1 2015, down $7.7m on Q1 2014. FX translation differences were an adverse $5.4m, with other revenue changes being a
reduction of $2.3m or 3.8%.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">After adjusting for FX translation, AF
sales fell by $7.1m or 66.6%, and other revenues were up $4.8m or 9.8% on Q1 2014. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The AF sector was very weak throughout
Q1 2015, partly due to the steep fall in oil prices in the second half of 2014. Vehicle conversions were low, which we believe
was due to the reduced investment return from converting to CNG from diesel, resulting in end-customers delaying investment decisions
during a period of uncertainty. The comparable revenue in Q1 2014 was higher due to a significant contract for bulk gas transportation
modules. Although a number of new projects are being discussed in the bulk gas transportation sector, we made no significant sales
in the quarter. Since the outlook for the AF sector is uncertain, we are taking action to lower our cost base by rationalizing
our AF manufacturing capacity, as explained below. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Following regulatory approval delays in
2014, demand for our composite cylinders is improving in the North American SCBA market now that the two largest suppliers can
sell their new SCBA kits. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Overall aluminum cylinder sales were favorable compared to prior year,
but European medical demand for composite and aluminum cylinders remained weak.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Superform revenues were higher than in
Q1 2014, reflecting increases for both tooling contracts and forming sales and new orders in aerospace and niche-automotive markets.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Elektron Division revenue was $58.5m
for Q1 2015 with rare earth surcharges nil (Q1 2014: $0.9m) following the fall in rare earth prices. Luxfer Magtech, acquired at
the end of July 2014, contributed $7.1m in Q1 2015. FX translation differences were an adverse $3.2m, and other revenue changes
represented a reduction of $1.7m or 2.8%.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 38.9pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Luxfer Magtech achieved a solid quarter.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The expected timing of industrial catalyst orders in 2015 differs from
the timing of such orders in 2014; Q1 2014 benefited from large orders, while we expect sales for such orders to be spread more
evenly across Q2 and Q3 2015. Other zirconium chemical sales were somewhat sluggish compared to the same period in 2014 with European
demand remaining weak. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Sales were stronger across a number of
magnesium markets, including graphic arts, commercial alloys, recycling and powders. After a difficult 2014, sales of military
and commercial powders improved in Q1 2015 compared to Q1 2014.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">High-performance aerospace alloys had a
slower start in 2015 than in Q1 2014, but we expect this to be temporary; the order book at the end of the quarter reflected more
normal levels. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="">&nbsp;</FONT></P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><I>Trading profit:</I></P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="">&nbsp;</FONT></P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Trading profit in Q1 2015 was down
by $1.8m to $10.5m from $12.3m in Q1 2014. The main reason was the reduction in trading profit in the Elektron Division, down $1.5m,
which was primarily attributable to foreign exchange movements and lower sales of zirconium products.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">The Gas Cylinders Division&rsquo;s
trading profit was down $0.3m to $1.3m.</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Our AF business units had been profitable
in Q1 2014, but were loss-making in Q1 2015, demonstrating the significant change in the health of that sector within the last
12 months. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Stronger SCBA performance in the U.S. and
in Superform operations worldwide partly softened the impact of lower AF sales. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">We began implementing cost-reduction plans,
including AF restructuring activities explained below.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The impact of FX changes reduced profits
by $0.2m.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">The Elektron Division&rsquo;s trading
profit in Q1 2015 was down by $1.5m to $9.2m.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Adverse FX changes reduced profits by $0.9m,
with a $0.4m translation impact resulting from the stronger U.S. dollar and $0.5m from transaction differences, primarily a result
of the weaker euro.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The zirconium chemical business had stronger
industrial catalyst sales in Q1 2014, although repeat orders are scheduled for Q2 and Q3 2015.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Magnesium aerospace alloy sales started
the year more slowly than in 2014; however, this was offset by the benefit of Luxfer Magtech results.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Other magnesium operations had a stronger
quarter and improved profits.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #365F91">Restructuring and other
expense &ndash; restructuring of AF operations</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">After acquiring Dynetek at the end of 2012
and Vexxel Composites in early 2014, we had AF manufacturing facilities in Canada, Germany and Utah, in addition to our original
facility in California. When the AF market became depressed, partly as a result of collapsing oil prices in the second half of
2014, our AF business became loss-making. Because the outlook for the sector is far from clear, we have decided to rationalize
our AF facilities and concentrate manufacturing in Canada and California. The Utah manufacturing plant was mothballed at the end
of March, and we have announced that we plan to cease manufacturing in Germany later this year. The slimmed-down AF business is
expected to have a much-reduced break-even revenue point. We plan, however, to retain the manufacturing capability to service all
our customers and to respond to an upturn in the market, which we expect once oil prices recover.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The rationalization results in cash redundancy
costs, which we charge to the income statement as we announce them, but also in non-cash costs: obsolescence of certain inventories
and relevant write-downs of fixed assets of closed facilities. Below trading profit we have charged $8.0m related to restructuring
and similar expenses. We have already reduced the workforce in North America to make that business more efficient. The charge accordingly
includes $0.5m of headcount reductions already implemented in Q1 2015 plus $7.5m in asset write-downs. This includes non-cash fixed
asset impairments of $2.1m on the manufacturing facilities in Germany and Utah, inventory write-downs of $1.8m associated with
the affected manufacturing operations and intangible asset impairments of $3.6m. We plan to retain a sales and engineering capability
in Germany. AF manufacturing will be concentrated in our facilities in Calgary, Canada, and Riverside, California, with some assembly
work in our U.K. facility to support the European bus market. We expect to charge an additional $3m to $4m of mainly cash rationalization
costs in Q2 2015, with the cash spend spread across the balance of 2015. Our objective is that at worst the AF business stream
can break even at the current low level of sales and be profitable in 2016. We have been successful in winning new customers in
North America, and we believe that our AF operations in North America can be profitable over 2015 with cost reductions already
implemented.</P>


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<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Uncertainty remains concerning the viability
of our virtual pipeline customer in Australia, and a receivable of approximately $6m and inventories of $1.5m are still tied up
in this business venture after the impairment provision of $2m we made in Q4 2014. If the customer is unable to resolve its financial
difficulties, we plan to re-deploy our gas transportation modules in other locations either through secondary sales or rental agreements.
Either way, we do not expect a quick resolution to this matter. Given the current sector weakness, additional cash generation is
unlikely in 2015.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #365F91">Other income statement
items:</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Gross profit for Q1 2015 was down
$2.8m compared to the same period last year, with the gross margin percentage falling from 23.4% to 22.3%. This resulted from a
weaker sales mix, negative FX impacts and losses by the AF cylinder business. Partly offsetting this were some cost savings, improved
SCBA sales and the Luxfer Magtech contribution.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Distribution costs were marginally
lower than in Q1 2014, and administrative expenses were $0.7m lower than in Q1 2014.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Group operating profit was $2.5m,<FONT STYLE="color: red">
</FONT>down $9.8m from Q1 2014, which reflected the $8.0m of restructuring and similar expenses within the Gas Cylinders Division
in relation to the AF businesses.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Group adjusted EBITDA (as reconciled
to net income in Note 4 of this release) for the quarter was $15.4m, down $1.5m from Q1 2014. The drop was split between the Gas
Cylinders Division ($0.4m) and the Elektron Division ($1.1m). FX changes adversely impacted adjusted EBITDA by $1.3m, being $0.6m
transaction and $0.7m translation. The other major factor was the AF cylinder business loss after the oil price collapse.</P>

<P STYLE="font: 11pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #365F91">Operating profit to net
income for the period</P>

<P STYLE="font: 11pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red"><FONT STYLE="">&nbsp;</FONT></P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">There was no acquisition and disposal
activity during Q1 2015 compared with $0.2m in Q1 2014 related to the acquisition of the small composite cylinder manufacturer
and associated production assets in Utah.</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The net interest charge for Q1 2015 was
slightly higher than the prior year at $1.7m (Q1 2014: $1.4m) due to higher levels of net debt supporting prior year acquisitions.
The IAS 19 retirement benefit charge was $0.7m for Q1 2015 compared to $0.7m for Q1 2014.</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red"><FONT STYLE="">&nbsp;</FONT></P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Profit from operations before tax was
nil for Q1 2015 (Q1 2014: $10.0m). Tax expense was $0.5m (Q1 2014: $2.8m). The effective tax rate in Q1 2014 was 28% and would
have been very similar in Q1 2015 in the absence of restructuring and similar expenses, which have distorted the rate. For example,
the German operation is loss-making and its restructuring costs therefore do not lead to an expected tax credit.</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="">&nbsp;</FONT></P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Net loss in the period was $0.5m (Q1
2014: profit of $7.2m). Adjusted net income in Q1 2015 was $6.9m<FONT STYLE="color: red"> </FONT>(Q1 2014: $8.0m).</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red"><FONT STYLE="">&nbsp;</FONT></P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Unadjusted basic earnings per ADS for
Q1 2015 were ($0.02). Fully diluted adjusted earnings per ADS were $0.25, this being the EPS used by management to measure underlying
performance.</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #365F91">Cash flow and net debt</P>

<P STYLE="font: 11pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="">&nbsp;</FONT></P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">A net increase in cash and cash equivalents
of $0.7m in Q1 2015, compared to a decrease in Q1 2014 of $9.9m, represents a year-on-year improvement of $10.6m and reflects the
key Group focus in recent quarters on improving cash flow and working capital.</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Net cash inflow from operating activities
was<FONT STYLE="color: red"> </FONT>$7.9m in Q1 2015 compared to an inflow of only $1.3m in Q1 2014. Cash outflow from working
capital was $4.6m in Q1 2015 compared to an outflow of</P>


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<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">$12.1m in Q1 2014.<FONT STYLE="color: red">
</FONT>The working capital outflow in Q1 2015 resulted mainly from higher receivables from higher sales in March 2015, with customers
paying from April to May. The larger outflow in Q1 2014 resulted from significantly increased inventories, as well as higher sales
in AF.</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Net cash used in investing activities
was $2.8m in Q1 2015 compared to $6.0m in Q1 2014. Purchases of property, plant and equipment resulted in a cash outflow of $2.5m
in Q1 2015 (Q1 2014: $3.1m). Purchases of intangible assets were nil in Q1 2015 (Q1 2014: $0.3m). Net cash flow in relation to
joint ventures in Q1 2015 was an outflow of $0.3m (Q1 2014 inflow: $0.1). There were no acquisitions in Q1 2015, compared to a
cash outflow of $2.7m in Q1 2014 related to the acquisition of the small composite cylinder manufacturer and associated production
assets in Utah. There was a net cash inflow before financing of $5.1m in Q1 2015 compared to an outflow of $4.7m in Q1 2014, which
mainly resulted from working capital reductions noted above together with lower capital expenditure and acquisition activity.<FONT STYLE="color: red">
</FONT></P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Cash flows from financing activities
for Q1 2015 were a net outflow of $4.4m compared to an outflow of $5.2m in Q1 2014. $1.7m of interest was paid to debt-holders
(Q1 2014: $1.2m), and $2.7m of dividends were paid (Q1 2014: $2.7m). As a result of the amendment to our banking facilities in
Q1 2014, we incurred $1.3m of financing costs not repeated in 2015.</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red"><FONT STYLE="">&nbsp;</FONT></P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Total cash flow movements were a net
inflow of $0.7m in Q1 2015 compared to a $9.9m outflow in Q1 2014. Net foreign exchange differences were $0.4m in Q1 2015 (Q1 2014:
nil). We had $15.7m of cash and cash equivalents as at March 31, 2015, compared to an equivalent figure of $18.5m as at March 31,
2014. As at March 31, 2015, net debt had increased to $105.8m from $45.6m as at March 31, 2014, mainly from the draw down to fund
the Luxfer Magtech acquisition in July 2014.</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #365F91">Strategic product development
update</P>

<P STYLE="font: 11pt/11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 105.4pt">&nbsp;</P>

<P STYLE="font: 10pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><I>Magnesium in aircraft interiors</I>
&ndash; Prototyping work continues and significantly in April 2015 at the Aircraft Interiors Expo in Hamburg, one aircraft seat
manufacturer publicly exhibited a prototype seat containing our magnesium alloys, and two other seat companies privately exhibited
prototypes containing our material. All these companies were promoting the weight-saving benefits of magnesium alloys against conventional
aluminum alloys currently used in the industry.</P>

<P STYLE="font: 10pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><I>AF Type 4 cylinders</I> &ndash; Although
we are currently in a difficult end-market with lower demand than expected, we have launched a number of new Type 4 polymer-lined
cylinders and continue to win new customers in the North American market. We believe our ultra-lightweight composite cylinders
have been well received in the marketplace, and North American customers in particular have shown significant interest.</P>

<P STYLE="font: 10pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><I>Zirconium sorption technology</I> &ndash;
With respect to Luxfer Magtech&rsquo;s products for detecting and decontaminating chemical agents, we have begun the process of
replacing older sorption chemicals with our new zirconium-based technology, which we believe creates a superior decontamination
product. We expect to undertake first-article testing of the material later this year, targeting availability of some new products
in late 2015 or early 2016.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; color: #365F91">&nbsp;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; color: #365F91">SUMMARY &amp; OUTLOOK FOR 2015</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; color: #365F91">&nbsp;</P>

<P STYLE="font: 10pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Trading profit and adjusted, fully diluted
EPS for Q1 2015 were as we expected, and the trading outlook for 2015 remains the same as we indicated in March 2015 when reporting
on our 2014 results.</P>

<P STYLE="font: 10pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">We are working on various cost reduction
actions, especially restructuring our AF manufacturing, and our Q1 2015 results reflect the asset impairments associated with that
restructuring. Our main objective is to progressively improve the Gas Cylinders Division&rsquo;s profitability during the balance
of 2015, by eliminating trading losses in the AF business stream, and returning it to profitability in 2016.</P>

<P STYLE="font: 10pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The regulatory approval problems in 2014
in the important North American SCBA market appear to be largely behind the industry, and our confidence is growing that the market
in 2015 will be back on the growth path that was expected for 2014 before the regulatory issues occurred.</P>

<P STYLE="font: 10pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Our principal customers for military powders
also suffered difficulties and a challenging demand environment in 2014 that depressed our sales, but 2015 has started well, and
we expect sales in this sector to be stronger than in 2014 during the remainder of the year.</P>

<P STYLE="font: 10pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The rationalization of our AF manufacturing
capacity is painful, but given the current outlook and difficulty in predicting when the oil price will recover, along with potential
commercial pressures from an expected increase in competition, we are not prepared to withstand the losses that have been incurred
in recent periods. Once in place later this year, the rationalized manufacturing base is expected to reduce the break-even point
in an effort to allow the AF business stream to be profitable at sales levels slightly above the current low levels of sales.</P>

<P STYLE="font: 10pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red"><FONT STYLE="">&nbsp;</FONT></P>

<P STYLE="font: 10pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The current strength of sterling against
the euro, which has declined significantly against sterling over the past 24 months, is putting pressure on profit margins on some
sales from our U.K. operations. We typically sell about &euro;40 million from the U.K. into the Eurozone. We have benefited from
currency hedges, entered into more than a year ago, that currently cover approximately 60% of 2015 forecast sales in euros. As
these hedges mature, we are exposed to much less favorable exchange rates. The Gas Cylinders Division, which sells aluminum cylinders
priced in euros from its operations in England and France, is more affected than the Elektron Division. Exports from our U.S. business
units into Europe, mostly composite cylinders, tend to be priced in U.S. dollars, and most competitors also price in dollars.</P>

<P STYLE="font: 10pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Overall, we believe that we remain on
track to improve the operating profitability of both divisions over the 2014 result. We must be a little cautious, as some
headwinds we faced in 2014 were quite unpredictable, but at this point we believe that we can deliver in 2015 a trading
profit (i.e. results before any restructuring charges) at least ahead of that recorded in the prior year<B>,</B> and we
are<I> </I>reasonably confident that the Q2 result will be a good improvement over recent quarters. While we are taking a
significant charge on one-off rationalization costs, this is key to protecting the overall business from the difficulties
being experienced in the AF business stream.</P>

<P STYLE="font: 10pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="">&nbsp;</FONT></P>


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<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="color: white; font: italic 12pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-style: normal">CONSOLIDATED
        INCOME STATEMENT FOR THE THREE-MONTH PERIODS ENDED </FONT></P>
        <P STYLE="color: white; font: italic 12pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-style: normal">MARCH
        31, 2015 AND 2014</FONT></P>
        <P STYLE="font: 12pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="color: White">(UNAUDITED)</FONT></P>
        <P STYLE="color: white; font: italic 12pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-style: normal">&nbsp;</FONT></P></TD></TR>
</TABLE>


<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 7.5pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>Three-month periods</B></P>
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>ended March 31,</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2015</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2014</FONT></TD></TR>
<TR>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>CONTINUING OPERATIONS</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD></TR>
<TR>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>REVENUE</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>116.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">123.3</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Cost of sales</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>(90.8)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">(94.4)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Gross profit</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>26.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">28.9</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Distribution costs</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>(1.8)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">(2.1)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Administrative expenses</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>(13.8)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">(14.5)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Share of results of joint venture</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>TRADING PROFIT</B></FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>10.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">12.3</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Restructuring and other expense</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>(8.0)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>OPERATING PROFIT</B></FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>2.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">12.3</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Acquisitions and disposals</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">(0.2)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Finance income</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest received </FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>0.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">0.1</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Finance costs</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest costs</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>(1.8)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">(1.5)</FONT></TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IAS 19R &ndash; retirement benefits finance charge</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>(0.7)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">(0.7)</FONT></TD></TR>
<TR>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unwind of discount on deferred consideration from acquisitions</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>(0.1)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>PROFIT ON OPERATIONS BEFORE TAXATION</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">10.0</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Tax expense</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>(0.5)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">(2.8)</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>NET (LOSS)/INCOME FOR THE PERIOD</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>(0.5)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">7.2</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>Attributable to:</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Equity shareholders</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>(0.5)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">7.2</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>
        <P STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>
        <P STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0"><B>NET (LOSS)/INCOME FOR THE PERIOD</B></P></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>(0.5)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">7.2</FONT></TD></TR>
<TR>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Accounting charges relating to acquisitions and disposals of businesses</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unwind of discount on contingent consideration from acquisitions</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>0.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acquisitions and disposals </FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">0.2</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization on acquired intangibles</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>0.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">IAS 19R &ndash; retirement benefits finance charge</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>0.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">0.7</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Restructuring and other expense</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>8.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Other share based compensation charges</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>0.3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">0.3</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Tax thereon</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>(2.1)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">(0.4)</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>ADJUSTED NET INCOME</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>6.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">8.0</FONT></TD></TR>
<TR>
    <TD STYLE="width: 51%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

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        <P STYLE="color: white; font: italic 12pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-style: normal">CONSOLIDATED
        STATEMENT OF COMPREHENSIVE INCOME FOR THE<BR>
        THREE-MONTH PERIODS ENDED </FONT></P>
        <P STYLE="color: white; font: italic 12pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; text-indent: 47.95pt"><FONT STYLE="font-style: normal">MARCH
        31, 2015 AND 2014</FONT></P>
        <P STYLE="font: 12pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="color: White">(UNAUDITED)</FONT></P>
        <P STYLE="color: white; font: italic 12pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-style: normal">&nbsp;</FONT></P></TD></TR>
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<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: center; vertical-align: top">Three-month periods<BR> ended March 31,</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: right">2015&nbsp;</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: right">2014&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-bottom: Black 1pt solid; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; text-align: left"></TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 56%; font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left; padding-left: 5.4pt">Net income for the period</TD><TD STYLE="width: 8%; font-family: Arial, Helvetica, Sans-Serif; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 9%; font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 4%; font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: right">(0.5</TD><TD STYLE="width: 1%; font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left">)</TD><TD STYLE="width: 8%; font-family: Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font-family: Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; font-family: Arial, Helvetica, Sans-Serif; text-align: right">7.2</TD><TD STYLE="width: 1%; font-family: Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left; padding-left: 5.4pt">Other comprehensive income movements:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: left; padding-left: 5.4pt">Exchange differences on translation of foreign operations</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: right">(7.8</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left">)</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: right">0.1</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: left; padding-left: 5.4pt">Fair value movements in cash flow hedges</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: right">0.8</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: right">(0.1</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: left; padding-left: 5.4pt">Transfers to income statement on cash flow hedges</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: right">1.1</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: right">(0.3</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: left; padding-left: 5.4pt">Exchange differences on translation of hedging reserve</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: left; border-bottom: Black 1pt solid; padding-left: 5.4pt">Deferred tax on cash flow hedges</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: right">(0.4</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left">)</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; text-align: right">0.1</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left; padding-left: 5.4pt">Hedge accounting income adjustments</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: right">1.5</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: right">(0.3</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left; border-bottom: Black 1pt solid; padding-left: 5.4pt">Total hedge accounting and translation of foreign operation movements</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: right">(6.3</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left">)</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; text-align: right">(0.2</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: left; padding-left: 5.4pt">Remeasurement of defined benefit retirement plans</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: right">(5.3</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left">)</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: right">(7.7</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: left; border-bottom: Black 1pt solid; padding-left: 5.4pt">Deferred tax on retirement benefit changes</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: right">1.3</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; text-align: right">1.9</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left; padding-left: 5.4pt">Retirement benefit changes</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: right">(4.0</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left">)</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: right">(5.8</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left; border-bottom: Black 1pt solid; padding-left: 5.4pt">&nbsp;<BR>Total other comprehensive income movements for the period</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: right">(10.3</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left">)</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; text-align: right">(6.0</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left; border-bottom: Black 1pt solid; padding-left: 5.4pt">Total comprehensive income for the period</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: right">(10.8</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left">)</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; text-align: right">1.2</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left; padding-left: 5.4pt">Attributed to:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: left; border-bottom: Black 1pt solid; padding-left: 5.4pt">Equity shareholders</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: right">(10.8</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: left">)</TD><TD STYLE="font-family: Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; text-align: right">1.2</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

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        <P STYLE="color: white; font: italic 12pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-style: normal">UNAUDITED
        CONSOLIDATED BALANCE SHEET AS OF </FONT></P>
        <P STYLE="color: white; font: italic 12pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-style: normal">MARCH
        31, 2015 AND 2014 AND AUDITED DECEMBER 31, 2014</FONT></P></TD></TR>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 7.5pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; font: 8pt/150% Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 8pt/150% Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>March 31, </B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">March 31,</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">December 31,</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2015</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2014</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2014</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right">&nbsp;</TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Non-current assets</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right">&nbsp;</TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Property, plant and equipment</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>135.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">137.9</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">143.8</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Intangible assets</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>87.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">47.8</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">93.3</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Investments</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>7.6</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">7.9</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">7.4</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Deferred tax assets</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>18.6</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">16.7</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">19.2</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>248.3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">210.3</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">263.7</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Current assets</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right">&nbsp;</TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Inventories</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>100.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">106.8</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">104.6</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Trade and other receivables</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>78.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">79.8</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">73.6</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Income tax receivable</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.4</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.1</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Cash and short term deposits</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>15.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">18.5</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">14.6</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>195.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">205.5</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">194.9</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Assets classified as held for sale</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>1.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">1.2</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">1.2</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>TOTAL ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>444.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">417.0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">459.8</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right">&nbsp;</TD>
    </TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>EQUITY AND LIABILITIES</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Ordinary share capital</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>25.3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">25.3</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">25.3</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Deferred share capital</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>150.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">150.9</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">150.9</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Share premium account</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>56.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">55.6</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">56.2</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Retained earnings</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>298.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">316.0</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">308.8</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Own shares held by ESOP</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.3)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(0.5)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(0.4)</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Other capital reserves</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>3.8</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.6</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">3.7</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Hedging reserve</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(0.6)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.9</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Translation reserve</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(44.0)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(25.3)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(36.2)</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Merger reserve</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(333.8)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(333.8)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(333.8)</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Capital and reserves attributable to the Group&rsquo;s equity holders</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>159.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">190.2</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">175.4</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Total equity</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>159.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">190.2</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">175.4</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right">&nbsp;</TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Non-current liabilities</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right">&nbsp;</TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Bank and other loans</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>121.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">63.8</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">121.4</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Retirement benefits</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>91.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">74.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">90.9</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Deferred tax liability </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">4.3</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.0</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Contingent consideration</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2.6</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">3.6</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.6</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Provisions</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>1.8</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.1</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>216.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">147.9</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">219.0</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Current liabilities</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right">&nbsp;</TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Bank and other loans</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.3</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Trade and other payables</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>62.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">74.9</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">62.8</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Current income tax liabilities</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">1.6</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.5</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Contingent consideration</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.3</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Provisions</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">1.8</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.1</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Dividends payable</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>68.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">78.9</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">65.4</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Total liabilities</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>285.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">226.8</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">284.4</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>TOTAL EQUITY AND LIABILITIES</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>444.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">417.0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">459.8</FONT></TD>
    </TR>
</TABLE>
<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="">&nbsp;</FONT></P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="">&nbsp;</FONT></P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="">&nbsp;</FONT></P>


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    <TD STYLE="width: 100%; padding-top: 10pt; padding-right: 5.4pt; padding-left: 5.4pt; font: italic 12pt/115% Cambria, Times, Serif; text-align: center; color: #404040"><FONT STYLE="font: normal 12pt/115% Arial, Helvetica, Sans-Serif; color: white">CONSOLIDATED CASH FLOW STATEMENT FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2015 AND 2014 (UNAUDITED)</FONT></TD></TR>
</TABLE>


<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 7.5pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 7.5pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>Three-month periods </B></P>
        <P STYLE="font: 7.5pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>ended March 31,</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 66%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2015</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2014</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>RECONCILIATION OF CASH FLOWS FROM OPERATING ACTIVITIES</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Net (loss) / income for the period </FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.5)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">7.2</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Adjustments to reconcile net income for the period to net cash from operating activities: </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 8.8pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Income taxes</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.8</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 8.8pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Deferred income taxes </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-indent: 8.8pt"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Depreciation and amortization </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>4.6</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">4.3</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-indent: 8.8pt"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Charges on retirement benefit obligations</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-indent: 8.8pt"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Share based compensation charges </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.3</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-indent: 8.8pt"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Non-cash restructuring charges</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>7.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Net interest costs </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>1.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">1.4</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">IAS 19 finance charge </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.7</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.7</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Unwind of discount on contingent consideration from acquisitions</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Acquisitions and disposals </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.2</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Share of results of joint ventures</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Changes in operating assets and liabilities: </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-indent: 15.9pt"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Increase in assets classified as held for sale</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(1.2)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-indent: 15.9pt"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Increase in receivables </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(5.6)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(9.9)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-indent: 15.9pt"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Increase in inventories </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(1.0)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(12.6)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-indent: 15.9pt"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Increase in payables</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">10.4</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Movement in retirement benefit obligations </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(2.1)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(2.3)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Movement in provisions </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.2)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(0.1)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Income tax (paid) / received </FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.1)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.1</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>NET CASH FLOWS FROM CONTINUING OPERATING ACTIVITIES </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>7.9</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">1.3</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>CASH FLOWS FROM INVESTING ACTIVITIES </B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Purchases of property, plant and equipment </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(2.5)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(3.1)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Purchases of intangible assets </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(0.3)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Investment in Joint Venture &ndash; advance payment</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.5)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Interest income received from Joint Ventures</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.1</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Net cash flow on purchase of businesses</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(2.7)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>NET CASH USED IN INVESTING ACTIVITIES</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(2.8)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(6.0)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>NET CASH FLOW BEFORE FINANCING </B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>5.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(4.7)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>FINANCING ACTIVITIES</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Interest and similar finance costs paid on banking facilities </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.5)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(0.2)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Interest paid on Loan Notes due 2018</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(1.0)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(1.0)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Interest paid on Loan Notes due 2021</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.2)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Dividends paid </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(2.7)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(2.7)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Amendment to banking facilities &ndash; financing costs </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(1.3)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>NET CASH FLOWS USED IN FINANCING ACTIVITIES </B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(4.4)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(5.2)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS </B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(9.9)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Net increase (decrease) in cash and cash equivalents </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(9.9)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Net foreign exchange differences </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Cash and cash equivalents at beginning of period </FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>14.6</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">28.4</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Cash and cash equivalents at end of period </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>15.7</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">18.5</FONT></TD></TR>
</TABLE>
<P STYLE="font: bold 10pt/115% Arial, Helvetica, Sans-Serif; margin: 10pt 0 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt/115% Arial, Helvetica, Sans-Serif; margin: 10pt 0 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt/115% Arial, Helvetica, Sans-Serif; margin: 10pt 0 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt">&nbsp;</P>


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<P STYLE="font: bold 10pt/115% Arial, Helvetica, Sans-Serif; margin: 10pt 0 0; text-indent: 0.5in">1. Revenue and segmental analysis</P>

<P STYLE="font: 7.5pt/8pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">For management purposes, the Group
is organized into two operational divisions, Gas Cylinders and Elektron. The tables below set out information on the results of
these two reportable segments. Management monitors the operating results of its divisions separately for the purpose of making
decisions about resource allocation and performance assessment. Segment performance is evaluated by the chief operating decision
maker based on trading profit or loss (defined as operating profit or loss before restructuring and other expense), and adjusted
EBITDA, (defined as profit for the period before tax expense, finance income and costs, accounting charges relating to acquisitions
and disposals of businesses, IAS 19 retirement benefits finance charges, restructuring and other income and expense, other share
based compensation charges, amortization and depreciation and profit or loss on disposal of property, plant and equipment). For
the purposes of our divisional segmental analysis, IFRS8 requires the use of &ldquo;segment profit&rdquo; performance measures
that are used by our chief operating decision maker. Trading profit is the &ldquo;segment profit&rdquo; used to satisfy this requirement
in the below analysis. All inter-segment sales are made on an arm&rsquo;s length basis.</P>

<P STYLE="font: 7.5pt/2pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 8pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-size: 7.5pt"><B>REPORTING SEGMENTS:&#9; &#9;</B></FONT><B>&#9;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 7.5pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: center"><FONT STYLE="font: 6pt/115% Arial, Helvetica, Sans-Serif"><B>Three-month period ended March 31, 2015</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: center"><FONT STYLE="font: 6pt/115% Arial, Helvetica, Sans-Serif"><B>Three-month period ended March 31, 2014</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 5pt; text-align: right"><FONT STYLE="font: 5pt/115% Arial, Helvetica, Sans-Serif"><B>Gas</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 5pt; text-align: right"><FONT STYLE="font: 5pt/115% Arial, Helvetica, Sans-Serif"><B>Continuing</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 5pt; text-align: right"><FONT STYLE="font: 5pt/115% Arial, Helvetica, Sans-Serif"><B>Gas</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 5pt; text-align: right"><FONT STYLE="font: 5pt/115% Arial, Helvetica, Sans-Serif"><B>Continuing</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 5pt; text-align: right"><FONT STYLE="font: 5pt/115% Arial, Helvetica, Sans-Serif"><B>Cylinders</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 5pt; text-align: right"><FONT STYLE="font: 5pt/115% Arial, Helvetica, Sans-Serif"><B>Elektron</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 5pt; text-align: right"><FONT STYLE="font: 5pt/115% Arial, Helvetica, Sans-Serif"><B>Unallocated</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 5pt; text-align: right"><FONT STYLE="font: 5pt/115% Arial, Helvetica, Sans-Serif"><B>Activities</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 5pt; text-align: right"><FONT STYLE="font: 5pt/115% Arial, Helvetica, Sans-Serif"><B>Cylinders</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 5pt; text-align: right"><FONT STYLE="font: 5pt/115% Arial, Helvetica, Sans-Serif"><B>Elektron</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 5pt; text-align: right"><FONT STYLE="font: 5pt/115% Arial, Helvetica, Sans-Serif"><B>Unallocated</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 5pt; text-align: right"><FONT STYLE="font: 5pt/115% Arial, Helvetica, Sans-Serif"><B>Activities</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt/115% Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt/115% Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt/115% Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt/115% Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt/115% Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt/115% Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt/115% Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt/115% Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>Revenue</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Segment Revenue</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">58.4</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">58.6</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>117.0</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">66.1</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">57.4</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>123.5</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Inter-segment sales</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.1)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.1)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.2)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.2)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Sales to external customers</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>58.4</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>58.5</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>116.9</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>66.1</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>57.2</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>123.3</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>Result</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Adjusted EBITDA</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>3.2</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>12.2</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>15.4</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>3.6</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>13.3</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>16.9</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Other share based compensation charges</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.1)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.2)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.3)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.1)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.2)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.3)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Loss on disposal of property, plant and equipment</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Depreciation and amortization</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(1.8)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(2.8)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(4.6)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(1.9)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(2.4)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(4.3)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Trading Profit - Segment Result</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>1.3</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>9.2</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>10.5</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>1.6</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>10.7</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>12.3</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Restructuring and other expense</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">&nbsp;(8.0)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif; color: red"><B>&nbsp;</B></FONT><B><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(8.0)</FONT></B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Operating (loss) / profit</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif; color: red">&nbsp;</FONT><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(6.7)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">9.2</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>2.5</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">1.6</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">10.7</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>12.3</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Acquisitions and disposals</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.2)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.2)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Net interest costs</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(1.7)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(1.7)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(1.4)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(1.4)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">IAS 19 finance charge</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.7)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.7)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.7)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.7)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Unwind of discount on contingent consideration from acquisitions</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.1)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.1)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(Loss) / Profit before tax</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(6.7)</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">9.1</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(2.4)</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">1.4</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">10.7</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(2.1)</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>10.0</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Tax expense</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.5)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.5)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(2.8)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(2.8)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Net (loss) / income for the period</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.5)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>7.2</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>Other segment information</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Segment assets</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">172.3</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">221.2</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">51.0</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>444.5</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">201.8</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">161.2</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">54.0</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>417.0</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Segment liabilities</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(30.1)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(25.3)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(229.7)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(285.1)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(41.4)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(26.4)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(159.0)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(226.8)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Net assets/(liabilities)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">142.2</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">195.9</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(178.7)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>159.4</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">160.4</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">134.8</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(105.0)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>190.2</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Capital expenditure: Property, plant and equipment</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">0.9</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">1.1</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>2.0</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">1.7</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">1.5</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>3.2</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Capital expenditure: Intangible assets</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">0.1</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0.1</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">0.2</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">0.1</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; font-size: 6pt; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0.3</B></FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 1px">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 23px">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 6.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 6.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="color: #4F81BD; font: bold 10pt/115% Cambria, Times, Serif; margin: 10pt 0 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: windowtext">2.
Calculation of net debt</FONT></P>

<P STYLE="font: 7.5pt/150% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 7.5pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right; vertical-align: top"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Three-month periods <BR>
ended March 31,</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2015</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2014</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Net debt is represented by:</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Non-current bank and other loans</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="width: 11%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(121.5)</B></FONT></TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(63.8)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Current bank and other loans</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(0.3)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Less:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Cash and short term deposits</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>15.7</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">18.5</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Net debt at the end of the period</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(105.8)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(45.6)</FONT></TD></TR>
</TABLE>
<P STYLE="font: bold 10pt/115% Arial, Helvetica, Sans-Serif; margin: 10pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt">&nbsp;</P>


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<P STYLE="font: bold 10pt/115% Arial, Helvetica, Sans-Serif; margin: 10pt 0 0">3. Other expense items</P>

<P STYLE="font: bold 10pt/115% Arial, Helvetica, Sans-Serif; margin: 10pt 0 0"></P>

<P STYLE="font: bold 10pt/115% Arial, Helvetica, Sans-Serif; margin: 10pt 0 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 13pt/normal Cambria, Times, Serif; margin-top: 5pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">a)</FONT></TD><TD><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Restructuring and other expense</FONT></TD></TR></TABLE>



<P STYLE="font: bold 10pt/115% Arial, Helvetica, Sans-Serif; margin: 10pt 0 0"></P>


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 7.5pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; vertical-align: top">
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in; text-align: right"><B>Three-month periods</B></P>
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in; text-align: right"><B>ended March 31,</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 51%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2015</B></FONT></TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2014</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Charged to Operating profit:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Rationalization of operations</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>(8.0)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">-</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>(8.0)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
</TABLE>
<P STYLE="font: bold 10pt/115% Arial, Helvetica, Sans-Serif; margin: 10pt 0 0"></P>
<P STYLE="font: bold 10pt/115% Arial, Helvetica, Sans-Serif; margin: 10pt 0 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 13pt/normal Cambria, Times, Serif; margin-top: 5pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">a)</FONT></TD><TD><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Acquisitions and disposals</FONT></TD></TR></TABLE>



<P STYLE="font: bold 10pt/115% Arial, Helvetica, Sans-Serif; margin: 10pt 0 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 7.5pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; vertical-align: top">
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in; text-align: right"><B>Three-month periods</B></P>
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in; text-align: right"><B>ended March 31,</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 51%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2015</B></FONT></TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2014</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Charged to Non-operating profit:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Acquisition costs</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(0.2)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(0.2)</FONT></TD></TR>
</TABLE>


<P STYLE="font: bold 10pt/115% Arial, Helvetica, Sans-Serif; margin: 10pt 0 0">&nbsp;</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B><I>Rationalization of operations</I></B></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">For the three-month period ended March
31, 2015, $8.0 million of costs have been incurred in relation to rationalization and similar expenses in the Gas Cylinders Division&rsquo;s
AF operations (three-month period ended March 31, 2014: $nil).</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE=""><B>&nbsp;</B></FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B><I>Acquisition costs</I></B></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">For the three-month period ended March
31, 2014, $0.2 million of costs have been incurred in relation to the acquisition of a small composite cylinder manufacturer and
the associated production assets in Utah.</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt/115% Arial, Helvetica, Sans-Serif; margin: 10pt 0 0">4. Reconciliation of non-GAAP measures</P>

<P STYLE="font: 7.5pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">The following table presents a
reconciliation of adjusted net income and adjusted EBITDA to net income for the period, the most comparable IFRS measure.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 7.5pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: -56.7pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: -56.7pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: -56.7pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-right: -56.7pt; line-height: 150%; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: -56.7pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Three-month periods</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: -56.7pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: -56.7pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: -56.7pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-right: -56.7pt; line-height: 150%; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: -56.7pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>ended March 31,</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2015</B></FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2014</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Net (loss)/income for the period</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.5)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">7.2</FONT></TD></TR>
<TR>
    <TD COLSPAN="4" STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Accounting charges relating to acquisitions and disposals of businesses</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unwind of discount on contingent consideration from acquisitions</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acquisitions and disposals</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.2</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization on acquired intangibles</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">IAS 19 &ndash; retirement benefits finance charge</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.7</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Restructuring and other expense</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>8.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Other share based compensation charges</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.3</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Tax thereon</FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(2.1)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(0.4)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Adjusted net income</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>6.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">8.0</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 9.05pt; text-align: justify; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 9.05pt; text-align: justify; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 9.05pt; text-align: justify; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 9.05pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 9.05pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 9.05pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 9.05pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Add back: Tax thereon</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.4</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Tax expense</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.8</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Interest costs (net)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>1.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">1.4</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Depreciation and amortization</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>4.6</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">4.3</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Less: amortization on acquired intangibles</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.4)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Adjusted EBITDA</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>15.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">16.9</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 28px">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Management believes that adjusted net
income and adjusted EBITDA are key performance indicators (KPIs) used by the investment community and that the presentation of
these items will enhance an investor&rsquo;s understanding of our results of operations. These KPIs are also used within Luxfer
Group, by the CEO and other senior management. Adjusted net income and adjusted EBITDA should not be considered in isolation by
investors as an alternative to net income for the period, as an indicator of our operating performance or as a measure of our profitability.</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: bold 10pt/115% Arial, Helvetica, Sans-Serif; margin: 10pt 0 0">5. Earnings per share</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">The
Group calculates earnings per share in accordance with IAS 33. Basic income per share is calculated based on the weighted average
common shares outstanding for the period presented. The weighted average number of shares outstanding is calculated by time-apportioning
the shares outstanding during the year. </FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red"><FONT STYLE="letter-spacing: -0.1pt; ">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">For
the purpose of calculating diluted earnings per share, the weighted average number of ordinary shares outstanding during the financial
year have been adjusted for the dilutive effects of all potential ordinary shares and share options granted to employees.</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt; ">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">Following
the approval of a two-for-one share split at the Annual General Meeting on May 29, 2014, the nominal value of each ordinary share
is &pound;0.50 and now represents 1 American Depositary Share (ADS), resulting in the earnings per ordinary share being equivalent
to the earnings per ADS. </FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt; ">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">The
ADSs of Luxfer Holdings PLC are listed on the New York Stock Exchange following an initial public offering on October 3, 2012.
The company&rsquo;s &pound;0.50 ordinary shares are not traded on any recognized stock exchange. The Depository for the ADSs holds
1 &pound;0.50 ordinary share for every 1 ADS traded, through American Depositary Receipts.</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red"><FONT STYLE="letter-spacing: -0.1pt; ">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">Under IAS 33, the number
of shares used in the earnings per share calculations for the prior periods shown has been adjusted to achieve comparability.</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">Management
believe the use of non-GAAP financial measures such as adjusted earnings per ADS more closely reflects the underlying earnings
per ADS performance.</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 7.5pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -56.7pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="padding-right: -56.7pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: -56.7pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: -56.7pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Three-month periods</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -56.7pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: -56.7pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: -56.7pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: -56.7pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ended March 31,</B></FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2015</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2014</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Basic earnings:</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Basic earnings attributable to ordinary shareholders</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.5)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">7.2</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Adjusted earnings:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Accounting charges relating to acquisitions and disposals of businesses</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unwind of discount on contingent consideration from acquisitions</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acquisitions and disposals</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.2</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization on acquired intangibles</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">IAS 19 &ndash; retirement benefits finance charge</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.7</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Restructuring and other expense</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>8.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Other share based compensation charges</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.3</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Tax thereon</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(2.1)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(0.4)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Adjusted earnings</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>6.9</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>8.0</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Weighted average number of &pound;0.50 ordinary shares:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">For basic earnings per share</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>26,958,788</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">26,827,403</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Exercise of share options</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>348,064</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">1,262,730</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">For diluted earnings per share </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>27,306,852</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">28,090,133</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Earnings per share using weighted average number of ordinary shares outstanding:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Basic</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Adjusted </FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$0.26</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$0.30</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Unadjusted</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$(0.02)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$0.27</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Diluted</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Adjusted</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$0.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$0.28</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Unadjusted</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$(0.02)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$0.26</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 7.5pt/10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 7.5pt/10pt Arial, Helvetica, Sans-Serif; margin: 0">Each &pound;0.50 ordinary share represents one American Depositary
        Share, as listed and quoted on the New York Stock Exchange.</P>
        <P STYLE="font: 7.5pt/10pt Arial, Helvetica, Sans-Serif; margin: 0; color: red"><B>&nbsp;</B></P></TD></TR>
</TABLE>
<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>


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<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0"><B>6. Retirement benefits</B></P>

<P STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The principal defined benefit pension
plan in the U.K. is the Luxfer Group Pension Plan. The Group&rsquo;s other arrangements are less significant than the Luxfer Group
Pension Plan, the largest being the BA Holdings Inc Pension Plan in the United States.</P>

<P STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 14.2pt"><FONT STYLE="">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The actuarial assumptions used to estimate
the IAS 19 accounting position of the Group&rsquo;s defined benefit pension plans have been updated for market conditions at March
31, 2015.</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 14.2pt"><FONT STYLE="">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The discount rate for the U.K. plan
has decreased by 0.3% per annum from 3.5% at December 31, 2014, to 3.2% at March 31 2015. Long-term inflation expectations have
remained the same at 2.9% per annum at December 31, 2014 and March 31, 2015. The combined effect of the changes has been to increase
the projected benefit obligation by approximately $18 million relative to that expected. This has been offset by higher than expected
assets returns and a fall in the value of US dollars in the quarter, which has resulted in a reduction in the deficit on the U.K.
scheme of approximately $0.7 million.</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 14.2pt; color: red"><FONT STYLE="">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">In the United States, the discount rate
has decreased by 0.2% from 4.1% at December 31, 2014 to 3.9% at March 31, 2015. This has increased the projected benefit obligation
by approximately $2 million. This increase has been partially offset by asset returns, which have risen over the quarter by more
than expected. The combined effect of these factors is an increase in the deficit on the U.S. scheme of approximately $1.0 million.</P>

<P STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt"><B>&nbsp;</B></P>

<P STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt"><B>The movement in the pension liability is shown below:
</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 7.5pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; text-indent: 0.5in"><B>Three-month periods</B></P>
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>ended March 31,</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2015</B></FONT></TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2014</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Opening balance</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>90.9</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">67.6</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Charged to the Income Statement</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2.3</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.5</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Cash contributions</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(3.7)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(4.1)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Charged to the Statement of Comprehensive Income</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>5.3</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">7.7</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Exchange adjustments</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(3.8)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.4</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Closing balance</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>91.0</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">74.1</FONT></TD></TR>
</TABLE>
<P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0"><B>7. Dividends paid and proposed</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 7.5pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; text-indent: 0.5in"><B>Three-month periods</B></P>
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>ended March 31,</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2015</B></FONT></TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2014</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Dividends declared and paid during the period:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B></B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Interim dividend paid February 5, 2014 ($0.10 per ordinary share)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">-</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2.7</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Interim
    dividend paid February 5, 2015 ($0.10 per ordinary share)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>2.7</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">-</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>2.7</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2.7</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Dividends
    declared during the period and paid after period end: <BR>
 <FONT STYLE="font-size: 7.5pt">Interim dividend
    paid May 6, 2015 ($0.10 per ordinary share)</FONT></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><BR>
    <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>2.7&nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><BR>
-</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>2.7</B></FONT>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">-</TD></TR>
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<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt/normal Calibri, Helvetica, Sans-Serif; margin: 0 0 12pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.</FONT><FONT STYLE="font-family: MS Mincho">&#8232;</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0 0 0 3in; text-indent: 0.5in"><B>Luxfer Holdings PLC</B></P>

<P STYLE="font: 12pt/normal Calibri, Helvetica, Sans-Serif; margin: 0 0 12pt 3in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Registrant)</FONT><FONT STYLE="font-family: MS Mincho">&#8232;</FONT></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0 0 12pt">Date:&nbsp;May 12,&nbsp;2015&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0 0 0 3in; text-indent: 0.5in">By: &#9;&nbsp;<U>/s/ Linda Seddon&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0 0 0 276.45pt">Linda Seddon</P>

<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0 0 0 276.45pt"><FONT STYLE="font-size: 12pt">Authorized Signatory
for and on</FONT><FONT STYLE="font-size: 10pt"> </FONT><FONT STYLE="font-size: 12pt">behalf</FONT></P>

<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0 0 0 276.45pt"><FONT STYLE="font-size: 12pt">of Luxfer Holdings PLC</FONT></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0 0 12pt"></P>

<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><BR>
<BR>
</P>



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